Tagged: banks

LendKey Forms Partnership with Allied Solutions to Offer Digital Lending & Loan Participation Solutions for Financial Institutions

LendKey, a lending-as-a-service solution for banks and credit unions, announced on Monday it has formed a partnership with Allied Solutions to offer its digital lending solutions, including unique and innovative loan participation programs, to Allied’s more than 4,000 clients.   According to LendKey, Allied is… Read More

Biz2Credit’s New Small Business Lending Index Reveals: Bank & Institutional Lender Loan Approval Rates Climb in September 2017

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that Business loan approval rates at big banks ($10 billion-plus in assets) hit another post-recession high in September 2017. According to the report, Small business loan approval rates at big banks improved two-tenths of… Read More

How Banks Can Utilize Machine Learning

Last week, Accenture Consulting published a presentation on how banks can utilize machine learning to draw quicker insights from their data. Machine learning is the specific application of artificial intelligence (AI)  in which computers can learn without being explicitly programmed to do so. How Does it… Read More

Biz2Credit March 2017 Report: Small Biz Lending Approval Improve at Institutional Investors & Small Banks But Stalls at Big Banks

Biz2Credit announced on Tuesday that its latest small business lending index revealed that loan approval rates at institutional investors and small banks improved in March 2017. Big banks’ ($10 billion-plus in assets) loan approval was stagnant during the month but remained at an all-time Index… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates Improve to New Highs at Big Banks

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

Banks, Startups and Trolls to Duke Over Blockchain?

Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

Karen Mills, Harvard: Regulate, But Allow Online Lending Market Space to Innovate

Senior Fellow at Harvard Business School Karen Gordon Mills along with VP of Strategy at Fundera, Brayden McCarthy, have recently posted a working paper on SME lending. Mills is also the former Administrator of the Small Business Administration – a post she held during the Obama administration just… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates at Big Banks and Institutional Lenders Continued to Surge in October

On Thursday, Biz2Credit announced its recent Small Business Lending Index report revealed that loan approval rates at big banks and institutional lenders improved to all-time highs in October 2016. The report stated that small business loan approval rates at big banks improved to 23.5% during… Read More

Australian Government Eyeing Big Banks to Prevent Blockchain Monopolization

The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks… Read More

Singaporean Government & Banks to Award S$1.15 million to FinTech Companies

The Government of Singapore is inviting startups, tech companies, investors, and banks to its inaugural Singapore FinTech Festival between November 14-18. Events will include a Hackcelerator Demo Day, the FinTech Awards, and a speakers expo. Finalists competing in the FinTech Awards had been busy implementing… Read More

Down Again: Biz2Credit Reports Small Business Loan Approvals by Banks Continue to Decline

Loan approval rates at both big banks and small banks dropped in January 2016, according to the Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit. Additionally, loan approval percentages at credit unions fell to an… Read More

Biz2Credit’s December Lending Index: Small Business Loan Approval Rates End Year on High Note

On Tuesday, Biz2Credit revealed that according to its December 2015 small business lending index, approval rates at institutional lenders and big banks improved to a new post-recession highs. The small business financial technology platform revealed as the U.S. economy has steadily improved, big banks and institutional… Read More

Major Japanese Bank Mitsubishi UFJ Said To Create Division For Fintech Research

Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More

Also Sprach Zopa: A Decade of Reflection, Current Research Findings & a Slick Video

2005: A Zopa Odyssey In these weeks, Zopa has celebrated a decade as a innovative and disruptive alternative financial leader.  Led by CEO Giles Andrews,  Zopa has lent over £750 million and predicts it will top £1 billion within the next couple of months.  To recap, in… Read More

Report: Lending to SMEs Declines as Banks Attempt to Ease Loan Process

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

WATCH: Lending Club CEO Renaud Laplanche Testifies Before House Committee On Small Business

On Thursday, December 5th 2013, Lending Club Founder and CEO Renaud Laplanche provided the following testimony to the House Committee on Small Business, and specifically the Subcommittee on Economic Growth, Taxes and Capital Access. A survey released by the Federal Reserve Bank of New York… Read More

#Crowdfunding News Roundup: November 18, 2013

Paul Niederer | Crowdfunding and Innovation Paul Niederer is the founder of the Australian Small Scale Offerings Board (ASSOB) and an equity crowdfunding pioneer. On his blog, he explains that crowdfunding is about more than just raising money and goes on to explain how crowdfunding… Read More

#Crowdfunding News Roundup: November 11, 2013

PCMag | Can Crowdfunding Give the Private Space Race a Boost? PCMag takes a look at the private space race in the context of a company called the LiftPort Group. LiftPort raised over $110,000 on Kickstarter to build a prototype with an eye toward building… Read More

Indiegogo CEO Rubin: Equity Has “Chance To Be Major Part Of Our Business”

We recently had a chance to interview Indiegogo CEO and co-founder Slava Rubin. We asked him about the SEC’s recently-proposed crowdfunding rules, how they may affect Indiegogo’s propensity to enter the equity space in the future and where Rubin and his team sees their platform… Read More